India is actively pursuing partnerships with Russian firms to enhance its supply of rare earth magnets and critical minerals, aiming to reduce its dependency on China, which currently dominates global rare earth exports with a 90% share. Amid escalating export restrictions from China affecting various sectors, including automobiles and electronics, the Indian government has engaged domestic companies such as Lohum and Midwest to explore collaborations with Russian entities adept in rare earth processing. The initiative reflects a broader strategy of India-Russia cooperation in critical materials, with plans including a significant investment of Rs 7,300 crore to bolster domestic magnet production. This move is pivotal for India’s defense and technology sectors, ensuring strategic autonomy and resilience against geopolitical pressures.